|
<br /> IT1 ~
<br />
<br />~
<br />r~ t p , ~ ~
<br />; r e
<br />C
<br />n ~
<br />~
<br />~
<br />~~
<br />C; A ~
<br />
<br />
<br />[v
<br />f7'1
<br />~
<br /> : -~ IT7
<br />
<br /> ` t
<br />r"t
<br />~ ~
<br />~ ~ ~ _ ~ c ~ _ ~ ~ ~ Z
<br />~ '~ (~
<br />- rn -p ~, m Q Ci]
<br />-
<br /> 1 -1
<br />
<br />fV ~ '~~ ~ t--• 7 N
<br />
<br />
<br /> f V Csa ('1~ ~
<br />~ ~ ~
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
<br />(PREAUTHORIZED (OPEN END) CREDIT -FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 17, 2010. The grantors are CHARLES
<br />R ANDERSON, husband and wife, and BILLI L ANDERSON, whose address is 604 WEST AVE, GRAND
<br />ISLAND, Nebraska 68803-4249 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who
<br />sign the Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section
<br />titled Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 48802 ("Trustee"). The
<br />beneficiary is Home Federal Savings & Loan Association of Grand Island, which is organized and existing
<br />under the laws of the United States of America and whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"). CHARLES R ANDERSON and BII,LI L ANDERSON have entered into a
<br />Equity -Line of Credit ("Contract") with Lender as of February 17, 2010, under the terms of which Borrower
<br />may, from time to time, obtain advances not to exceed, at any time, a ***MAXIMUM PRINCIPAL AMOUNT
<br />(EXCLUDING PROTECTIVE ADVANCES)*** of Thirty Thousand and 00/100 Dollars (U.S. $30,000.00)
<br />("Credit Limit"). Any party interested in the details related to Lender's continuing obligation to make advances to
<br />Borrower is advised to consult directly with Lender. If not paid earlier, the sums owing under Borrower's Contract
<br />with Lender will be due and payable on February 1S, 2015. This Security Instrument secures to Lender: (a) the
<br />repayment of the debt under the Contract, with interest, including future advances, and all renewals, extensions and
<br />modifications of the Contract; (b) the payment of all other sums, with interest, advanced to protect the security of
<br />this Security Instrument under the provisions of the section titled Protection of Lender's Rights in the Property;
<br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Contract.
<br />For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 604 WEST AVE, GRAND ISLAND, Nebraska 68803-4249
<br />Legal Description: LOT SIXTEEN (16) IN WEST HEIGHTS SECOND ADDITION IN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Payment of Principal and Interest; Other Charges. Borrower shall promptly pay when due the principal of and
<br />interest on the debt owed under the Contract and late charges or any other fees and charges due under the Contract.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative Hiles and orders (that have
<br />the effect of law) as well as all applicable ftnal, non-appealable judicial opinions.
<br />Charges; LIens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
<br />® 2004-2009 Compliance Systems, Int. 002D-C467 - 2009.12.368
<br />Consumer Real Estate -security Instrument DL2036 Page 1 of 5 www.compliancesystems.com
<br />~~~0
<br />
|